Tag: Zacks Research

Zacks Research Upgrades Cummins (NYSE:CMI) to Strong-Buy

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Cummins (NYSE:CMI – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on CMI. Wall Street Zen raised shares of Cummins from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Wells Fargo & Company assumed coverage on Cummins in a research report on Thursday, November 13th. They set an “overweight” rating and a $599.00 price target for the company. Raymond James Financial upgraded Cummins from a “market perform” rating to an “outperform” rating and set a $585.00 price objective for the company in a research report on Monday, December 22nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $475.00 price objective on shares of Cummins in a research report on Friday, November 7th. Finally, Melius Research upgraded Cummins from a “hold” rating to a “buy” rating and set a $500.00 price target for the company in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $492.75.

Read Our Latest Analysis on Cummins

Cummins Stock Down 0.6%

CMI stock opened at $510.66 on Tuesday. Cummins has a one year low of $260.02 and a one year high of $526.50. The company has a fifty day moving average of $483.44 and a 200-day moving average of $417.66. The stock has a market capitalization of $70.49 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 2.02 and a beta of 1.11. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.77.

Cummins (NYSE:CMI – Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported $5.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.76. Cummins had a return on equity of 26.02% and a net margin of 7.95%.The firm had revenue of $8.32 billion during the quarter, compared to analysts’ expectations of $7.97 billion. During the same quarter in the prior year, the business posted $5.86 earnings per share. Cummins’s revenue was down 1.6% compared to the same quarter last year. As a group, analysts expect that Cummins will post 22.54 EPS for the current year.

Insider Activity

In other news, CEO Jennifer Rumsey sold 4,570 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $473.89, for a total transaction of $2,165,677.30. Following the completion of the sale, the chief executive officer owned 42,880 shares of the company’s stock, valued at approximately $20,320,403.20. This trade represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brett Michael Merritt sold 1,450 shares of Cummins stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $489.32, for a total transaction of $709,514.00. Following the completion of the sale, the insider owned 9,271 shares of the company’s stock, valued at approximately $4,536,485.72. This trade represents a 13.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,330 shares of company stock worth $12,649,764. 0.41% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Flagship Wealth Advisors LLC bought a new position in Cummins in the 3rd quarter worth approximately $28,000. Osterweis Capital Management Inc. bought a new position in shares of Cummins in the second quarter valued at approximately $31,000. Guerra Advisors Inc acquired a new position in shares of Cummins during the third quarter valued at approximately $36,000. Salomon & Ludwin LLC lifted its holdings in shares of Cummins by 1,333.3% in the third quarter. Salomon & Ludwin LLC now owns 86 shares of the company’s stock valued at $37,000 after buying an additional 80 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Cummins during the third quarter worth about $37,000. 83.46% of the stock is currently owned by institutional investors.

Cummins Company Profile

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Cummins Inc (NYSE: CMI) is a global power technology company that designs, manufactures, distributes and services a broad portfolio of diesel and natural gas engines, electrified powertrains, power generation systems and related components. Founded in 1919 and headquartered in Columbus, Indiana, Cummins has grown into one of the world’s leading suppliers of internal combustion engines and a provider of technologies that reduce emissions and improve fuel efficiency.

The company’s product lineup includes heavy-, medium- and light-duty engines for on-highway and off-highway applications, generator sets and power systems for commercial and industrial use, and key engine components such as turbochargers, fuel systems, air handling, filtration and aftertreatment solutions.

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January 1, 2026
Q1 EPS Estimates for Otis Worldwide Raised by Zacks Research

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Otis Worldwide Corporation (NYSE:OTIS – Free Report) – Research analysts at Zacks Research raised their Q1 2026 earnings per share (EPS) estimates for Otis Worldwide in a report issued on Wednesday, November 19th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.98 per share for the quarter, up from their prior estimate of $0.96. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Otis Worldwide’s current full-year earnings is $4.04 per share.

OTIS has been the topic of several other reports. JPMorgan Chase & Co. increased their target price on shares of Otis Worldwide from $105.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada reduced their price target on Otis Worldwide from $108.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Wells Fargo & Company raised their price objective on Otis Worldwide from $93.00 to $95.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Wolfe Research set a $109.00 target price on Otis Worldwide and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Otis Worldwide in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Otis Worldwide currently has a consensus rating of “Hold” and a consensus price target of $103.71.

Read Our Latest Stock Report on OTIS

Otis Worldwide Stock Performance

OTIS stock opened at $88.02 on Friday. Otis Worldwide has a one year low of $84.25 and a one year high of $106.83. The firm’s fifty day moving average is $90.48 and its 200 day moving average is $92.36. The firm has a market cap of $34.30 billion, a PE ratio of 25.96, a P/E/G ratio of 3.31 and a beta of 1.00.

Otis Worldwide (NYSE:OTIS – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. Otis Worldwide had a net margin of 9.41% and a negative return on equity of 30.67%. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the company earned $0.96 EPS. The business’s revenue was up 4.0% on a year-over-year basis. Otis Worldwide has set its FY 2025 guidance at 4.040-4.080 EPS.

Hedge Funds Weigh In On Otis Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Otis Worldwide by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 48,587,153 shares of the company’s stock worth $4,811,100,000 after purchasing an additional 1,991,860 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Otis Worldwide by 6.7% in the first quarter. JPMorgan Chase & Co. now owns 37,920,025 shares of the company’s stock valued at $3,913,347,000 after purchasing an additional 2,396,134 shares during the last quarter. Alliancebernstein L.P. lifted its position in Otis Worldwide by 3.2% during the second quarter. Alliancebernstein L.P. now owns 19,378,760 shares of the company’s stock worth $1,918,885,000 after buying an additional 603,860 shares in the last quarter. Geode Capital Management LLC boosted its stake in Otis Worldwide by 1.2% during the second quarter. Geode Capital Management LLC now owns 10,673,127 shares of the company’s stock worth $1,057,594,000 after buying an additional 129,458 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Otis Worldwide by 4.5% during the third quarter. Franklin Resources Inc. now owns 7,419,634 shares of the company’s stock worth $678,377,000 after buying an additional 322,255 shares during the last quarter. 88.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Otis Worldwide

In other news, CAO Michael Patrick Ryan sold 3,028 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $91.69, for a total transaction of $277,637.32. Following the completion of the sale, the chief accounting officer owned 2,628 shares of the company’s stock, valued at $240,961.32. This represents a 53.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.

Otis Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $0.42 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.9%. Otis Worldwide’s dividend payout ratio (DPR) is presently 49.56%.

Otis Worldwide Company Profile

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Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects.

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November 22, 2025
Zacks Research Weighs in on Cirrus Logic Q2 Earnings

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Cirrus Logic, Inc. (NASDAQ:CRUS – Free Report) – Equities researchers at Zacks Research issued their Q2 2026 EPS estimates for shares of Cirrus Logic in a research report issued to clients and investors on Tuesday, October 21st. Zacks Research analyst Team anticipates that the semiconductor company will post earnings of $2.10 per share for the quarter. The consensus estimate for Cirrus Logic’s current full-year earnings is $5.63 per share. Zacks Research also issued estimates for Cirrus Logic’s Q3 2026 earnings at $1.93 EPS, FY2026 earnings at $5.99 EPS, Q1 2027 earnings at $0.70 EPS, Q2 2027 earnings at $2.14 EPS, Q4 2027 earnings at $1.21 EPS, FY2027 earnings at $6.01 EPS and Q2 2028 earnings at $2.14 EPS.

Several other analysts also recently commented on CRUS. Stifel Nicolaus upped their price objective on shares of Cirrus Logic from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, October 17th. Susquehanna upped their price objective on shares of Cirrus Logic from $140.00 to $155.00 and gave the stock a “positive” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cirrus Logic in a research report on Friday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

View Our Latest Stock Analysis on CRUS

Cirrus Logic Trading Down 0.7%

NASDAQ:CRUS opened at $130.60 on Thursday. The company has a market cap of $6.70 billion, a PE ratio of 20.44 and a beta of 1.09. Cirrus Logic has a twelve month low of $75.83 and a twelve month high of $132.90. The company’s 50 day moving average is $120.88 and its two-hundred day moving average is $107.70.

Cirrus Logic (NASDAQ:CRUS – Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.07 by $0.44. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The business had revenue of $407.27 million during the quarter, compared to analyst estimates of $361.97 million. During the same quarter in the previous year, the business posted $1.12 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS.

Institutional Investors Weigh In On Cirrus Logic

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. increased its position in Cirrus Logic by 1,660.0% during the second quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 249 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in Cirrus Logic during the second quarter worth about $30,000. Ameritas Advisory Services LLC acquired a new stake in Cirrus Logic during the second quarter worth about $31,000. Banque Cantonale Vaudoise acquired a new stake in Cirrus Logic during the first quarter worth about $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cirrus Logic during the second quarter worth about $39,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $1,099,440.00. Following the completion of the sale, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,680,120. This trade represents a 39.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Denise Grode sold 2,202 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $116.87, for a total transaction of $257,347.74. Following the sale, the executive vice president owned 5,698 shares of the company’s stock, valued at approximately $665,925.26. The trade was a 27.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,187 shares of company stock worth $3,918,128 over the last three months. Insiders own 1.16% of the company’s stock.

Cirrus Logic Company Profile

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Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems.

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October 25, 2025
Zacks Research Weighs in on The Chemours Company’s Q3 2024 Earnings (NYSE:CC)

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The Chemours Company (NYSE:CC – Free Report) – Stock analysts at Zacks Research lowered their Q3 2024 earnings estimates for Chemours in a research report issued on Tuesday, April 9th. Zacks Research analyst M. Agrawal now forecasts that the specialty chemicals company will post earnings per share of $0.65 for the quarter, down from their previous forecast of $0.83. The consensus estimate for Chemours’ current full-year earnings is $2.55 per share. Zacks Research also issued estimates for Chemours’ Q4 2024 earnings at $0.40 EPS, Q3 2025 earnings at $0.81 EPS and FY2026 earnings at $3.58 EPS.

Several other research firms have also commented on CC. UBS Group raised their price objective on shares of Chemours from $21.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. BMO Capital Markets upgraded shares of Chemours from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $19.00 to $34.00 in a research note on Tuesday. Finally, Barclays cut their price objective on shares of Chemours from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 2nd. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.89.

Read Our Latest Report on Chemours

Chemours Trading Down 2.3 %

NYSE CC opened at $27.50 on Wednesday. The firm has a 50 day simple moving average of $27.43 and a 200-day simple moving average of $27.87. The company has a debt-to-equity ratio of 5.40, a quick ratio of 1.00 and a current ratio of 1.54. Chemours has a one year low of $15.10 and a one year high of $39.05. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of -17.74 and a beta of 2.00.

Chemours Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Friday, February 23rd. Chemours’s dividend payout ratio is presently -64.52%.

Hedge Funds Weigh In On Chemours

Institutional investors and hedge funds have recently bought and sold shares of the stock. Alaska Permanent Fund Corp lifted its stake in Chemours by 14.0% during the first quarter. Alaska Permanent Fund Corp now owns 84,918 shares of the specialty chemicals company’s stock worth $2,230,000 after purchasing an additional 10,420 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Chemours in the fourth quarter valued at $255,000. Ables Iannone Moore & Associates Inc. bought a new stake in Chemours in the fourth quarter valued at $99,000. Neo Ivy Capital Management bought a new stake in Chemours in the fourth quarter valued at $40,000. Finally, Quarry LP lifted its stake in Chemours by 106.8% in the fourth quarter. Quarry LP now owns 1,700 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 26,700 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

About Chemours

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The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through three segments: Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. The Titanium Technologies segment provides TiO2 pigment under the Ti-Pure brand for delivering whiteness, brightness, opacity, durability, efficiency, and protection in various of applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, polyvinylchloride, laminate papers used for furniture and building materials, coated paper, and coated paperboard used for packaging.

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April 10, 2024
Analysts Issue Forecasts for East West Bancorp, Inc.’s Q1 2024 Earnings (NASDAQ:EWBC)

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East West Bancorp, Inc. (NASDAQ:EWBC – Free Report) – Zacks Research decreased their Q1 2024 EPS estimates for shares of East West Bancorp in a report issued on Wednesday, December 6th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $1.95 per share for the quarter, down from their previous forecast of $1.95. The consensus estimate for East West Bancorp’s current full-year earnings is $8.45 per share. Zacks Research also issued estimates for East West Bancorp’s Q2 2024 earnings at $1.88 EPS, Q4 2024 earnings at $1.92 EPS, Q1 2025 earnings at $1.95 EPS and Q2 2025 earnings at $2.05 EPS.

East West Bancorp (NASDAQ:EWBC – Get Free Report) last announced its earnings results on Thursday, October 19th. The financial services provider reported $2.02 earnings per share for the quarter, hitting the consensus estimate of $2.02. East West Bancorp had a net margin of 33.62% and a return on equity of 19.98%. The company had revenue of $648.00 million during the quarter, compared to analyst estimates of $643.22 million. During the same quarter last year, the firm posted $2.08 earnings per share. East West Bancorp’s revenue was up 3.3% compared to the same quarter last year.

Other equities analysts have also recently issued reports about the stock. Wedbush raised shares of East West Bancorp from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $57.00 to $69.00 in a research note on Friday, November 3rd. Morgan Stanley raised shares of East West Bancorp from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $66.00 to $76.00 in a research note on Monday, December 4th. Janney Montgomery Scott assumed coverage on shares of East West Bancorp in a research note on Tuesday, October 3rd. They set a “buy” rating and a $68.00 price target on the stock. Citigroup assumed coverage on shares of East West Bancorp in a research note on Friday, December 1st. They set a “buy” rating and a $75.00 price target on the stock. Finally, Jefferies Financial Group lowered their price target on shares of East West Bancorp from $68.00 to $58.00 in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, East West Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $71.64.

Read Our Latest Report on EWBC

East West Bancorp Stock Performance

Shares of East West Bancorp stock opened at $68.62 on Monday. The firm’s fifty day simple moving average is $57.13 and its 200-day simple moving average is $55.68. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 0.80 and a beta of 1.44. East West Bancorp has a 12 month low of $33.86 and a 12 month high of $80.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.91 and a quick ratio of 0.91.

East West Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.80%. The ex-dividend date was Tuesday, October 31st. East West Bancorp’s dividend payout ratio (DPR) is 21.67%.

Insider Transactions at East West Bancorp

In other news, Vice Chairman Douglas Paul Krause sold 12,000 shares of East West Bancorp stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $63.29, for a total value of $759,480.00. Following the transaction, the insider now owns 55,353 shares in the company, valued at $3,503,291.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other East West Bancorp news, Vice Chairman Douglas Paul Krause sold 12,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $63.29, for a total transaction of $759,480.00. Following the completion of the sale, the insider now directly owns 55,353 shares in the company, valued at approximately $3,503,291.37. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Molly Campbell sold 4,500 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $62.16, for a total value of $279,720.00. Following the completion of the sale, the director now owns 11,946 shares of the company’s stock, valued at $742,563.36. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EWBC. First Horizon Advisors Inc. lifted its holdings in East West Bancorp by 65.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 535 shares of the financial services provider’s stock worth $28,000 after buying an additional 211 shares in the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in shares of East West Bancorp during the fourth quarter worth about $53,000. Harbor Capital Advisors Inc. purchased a new stake in East West Bancorp in the second quarter valued at approximately $43,000. Archer Investment Corp purchased a new stake in East West Bancorp during the first quarter worth approximately $64,000. Finally, Tobam acquired a new position in shares of East West Bancorp during the second quarter worth $56,000. Hedge funds and other institutional investors own 87.11% of the company’s stock.

East West Bancorp Company Profile

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East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other. It accepts various deposit products, such as personal and business checking and savings accounts, money market, and time deposits.

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December 10, 2023